Townsquare Capital LLC Raises Stock Holdings in XPO, Inc. (NYSE:XPO)

Townsquare Capital LLC grew its position in shares of XPO, Inc. (NYSE:XPO) by 7.5% during the fourth quarter, Holdings Channel reports. The firm owned 2,320 shares of the transportation company’s stock after acquiring an additional 162 shares during the quarter. Townsquare Capital LLC’s holdings in XPO were worth $304,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XPO. Versant Capital Management Inc purchased a new position in XPO in the 4th quarter valued at approximately $29,000. Halbert Hargrove Global Advisors LLC purchased a new position in XPO in the fourth quarter valued at approximately $42,000. Cullen Frost Bankers Inc. raised its stake in XPO by 69.1% during the 4th quarter. Cullen Frost Bankers Inc. now owns 318 shares of the transportation company’s stock worth $42,000 after acquiring an additional 130 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of XPO by 25.6% in the 4th quarter. Larson Financial Group LLC now owns 373 shares of the transportation company’s stock valued at $49,000 after purchasing an additional 76 shares during the last quarter. Finally, UMB Bank n.a. lifted its stake in XPO by 19.0% in the fourth quarter. UMB Bank n.a. now owns 538 shares of the transportation company’s stock valued at $71,000 after buying an additional 86 shares during the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on XPO shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of XPO in a report on Friday, March 7th. They issued a “buy” rating and a $156.00 target price for the company. Jefferies Financial Group decreased their target price on shares of XPO from $170.00 to $135.00 and set a “buy” rating on the stock in a research report on Wednesday, April 9th. Truist Financial began coverage on XPO in a report on Thursday, March 13th. They issued a “buy” rating and a $130.00 price target on the stock. Susquehanna dropped their target price on shares of XPO from $180.00 to $138.00 and set a “positive” rating for the company in a report on Monday, March 31st. Finally, Barclays dropped their price target on XPO from $150.00 to $135.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. Nineteen investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $139.89.

Insider Buying and Selling at XPO

In related news, COO David J. Bates acquired 1,880 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $106.16 per share, with a total value of $199,580.80. Following the completion of the transaction, the chief operating officer now directly owns 21,106 shares of the company’s stock, valued at $2,240,612.96. This trade represents a 9.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

XPO Trading Down 2.9 %

Shares of XPO opened at $93.93 on Tuesday. The stock’s fifty day simple moving average is $111.16 and its 200 day simple moving average is $128.28. XPO, Inc. has a twelve month low of $85.06 and a twelve month high of $161.00. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 2.08. The firm has a market capitalization of $11.06 billion, a P/E ratio of 29.08, a price-to-earnings-growth ratio of 1.79 and a beta of 2.05.

XPO (NYSE:XPO) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.89 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.21. XPO had a return on equity of 30.36% and a net margin of 4.81%. On average, equities research analysts forecast that XPO, Inc. will post 4.15 earnings per share for the current year.

XPO declared that its board has approved a stock repurchase program on Thursday, March 27th that authorizes the company to buyback $750.00 million in outstanding shares. This buyback authorization authorizes the transportation company to purchase up to 5.7% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

About XPO

XPO, Inc provides freight transportation services in the United States, rest of North America, France, the United Kingdom, rest of Europe, and internationally. The company operates in two segments, North American LTL and European Transportation. The North American LTL segment provides customers with less-than-truckload (LTL) services, such as geographic density and day-definite domestic services.